ALMOST a third (32%) of FTSE-100 companies cannot meet pension fund deficits from current discretionary cash flow, according to a new report.

KPMG’s latest Pensions Repayment Monitor has discovered that this is the situation despite more than £11bn being spent on pensions deficits in 2009.

This represents the highest level in the survey’s five-year history and compares with 22% of blue chip companies in......for the full story register now for free or login below...